The measure, announced by the Canadian government on Friday, will remain in effect for up to 200 days while authorities investigate whether rising imports have caused harm to Canadian producers.
According to a document obtained by CBS News, all ships transiting the strait must carry insurance policies approved by Iran’s newly established Persian Gulf Strait Authority
The probe focuses on Germany’s proposed healthcare reforms, which include measures aimed at reducing public spending on prescription drugs.
According to shipping data cited by CNBC, dozens of tankers remain stranded in the Persian Gulf, with estimates suggesting a backlog of roughly 118 vessels
Speaking before business leaders in Toronto, Mark Wiseman emphasized that concerns about an imminent disruption to the agreement may be overstated.
According to newly released Department of Energy data, the reserve stood at approximately 340.3 million barrels for the week ending June 12.
April’s increase is also a big change from April 2025 when the year-over-year growth rate was a mere 1.8 percent
Trump is expected to urge allies to help secure and reopen the strait, with Britain and France already expressing support for post-conflict maritime operations
The decision allows the tariffs, imposed in February under Section 122 of the Trade Act, to remain in effect as the court reviews whether the administration acted within its legal authority.
Supply disruptions affecting major producers, including instability in the Middle East and constraints on Russian exports, have increased demand for American crude among buyers seeking reliable alternative supplies.
According to Trump, the effort enabled more than 100 million barrels of oil to reach global markets while helping to prevent sharp increases in fuel prices.
According to Commerce Department data, the trade gap fell 1.2% to $55.9 billion, slightly better than economists’ expectations.
TIPP's new Geoeconomic Risk Index debuts at 92 out of 100, surpassing the peak it set when Russia invaded Ukraine, and driven this time by one force above all: trade policy.
A monthly gauge of the geopolitical, trade, and supply-chain pressures bearing on the world economy, built on Federal Reserve data and 25 years of TIPP polling, and validated against every major crisis since 2001.
Washington's revamped Section 232 regime on steel, aluminum and copper takes effect, reshaping the import math for manufacturers.
After the Supreme Court voided the emergency tariffs, importers are still waiting to be paid back, and Tuesday may clarify when.
